Reinsurance News
1st March 2019
Italian insurance giant Assicurazioni Generali SpA has completed the sale of its entire holdings in Generali Worldwide Insurance Company Limited and Generali Link to Life Company Consolidation Group (LCCG). Originally announced in July 2018, the transactions form part of Generali Group’s strategy to improve its operational efficiency, while improving capital allocation ... Read the full article
2nd January 2019
Athora Holding, together with its' Athora subsidiaries, has completed the acquisition of Generali’s Belgian business, for a cash consideration of approximately €540 million ($613 million). Primarily focused on the life segment, Generali Belgium is the 11th largest insurer in Belgium and serves around 420,000 customers through a team of 430 members ... Read the full article
2nd January 2019
Italian insurance giant Generali has finalised its previously announced plans to increase its stakes in Future Generali insurance joint ventures in India from 25.5% to 49%. The completion of the transaction saw Generali commit approximately €120 million to the Future Group, a platform and customer ecosystem that offers digital insurance ... Read the full article
20th December 2018
Italian insurance giant Generali has received regulatory approval for the non-life legacy portfolio transfer of its UK branch to independent re/insurance legacy specialist Compre. The transaction, which was signed last December and also included the non-life run-off portfolio of Generali’s U.S branch, was structured as an upfront reinsurance solution by ... Read the full article
3rd December 2018
The new 3-year strategic plan from Italian insurance giant Generali is broadly credit positive, according to analysts at Moody’s Investors Service, as it targets debt reduction and greater earnings diversification. The insurer announced its ‘Generali 2021’ growth plan last week alongside claims that it was on track to hit all ... Read the full article
26th November 2018
Italian insurance giant Generali has unveiled its new 3-year strategic plan after posting strong results for 2017 and claiming that it was on track to hit its financial and industrial targets for 2018. The company achieved a property and casualty (P&C) combined ratio of 92.8% and a life new business margin ... Read the full article
16th November 2018
Italian insurance giant Generali has launched a new business unit designed to offer pension risk transfer solutions to multi-national corporations, called Generali Global Pension (GGP). Generali said the unit will aim to accompany corporations in their de-risking journey and cross-border plans, providing a range of services for both plan sponsors and ... Read the full article
12th November 2018
Italian insurance giant Generali has stepped up its pledge to underwrite more sustainable business and commit to 'green' investments by ceasing to offer coverage for new coal mines and plants. Generali had previously announced an underwriting commitment to increase the percentage of its premium portfolio related to the renewable energy sector, ... Read the full article
31st October 2018
Italian insurance giant Generali has announced the opening of its Representative Office in Moscow by Austria, Central & Eastern Europe, Russia Regional Officer and Chief Executive Officer of Generali CEE Holding, Luciano Cirinà, and the Chairman & CEO of Generali Russia & Commonwealth of Independent States, Giorgio Callegari. “As we inaugurate ... Read the full article
24th October 2018
Italian insurance giant Generali has acquired a 100% stake in Polish asset management company Union Investment TFI as it looks to to strengthen its presence in central and eastern Europe. With €3.3 billion of assets under management, Union Investment is the country’s sixth largest asset management company. It has approximately 135,000 ... Read the full article
10th October 2018
Italian insurance giant Generali has announced the launch of CyberSecurTech, its own technology startup aimed at the provision of innovative cyber risk assessments for its customers. Furthermore, the wholly owned ‘startup’ will support Generali’s newly-launched technology platform Majorana, designed and developed entirely by the group’s team of IT security experts. The introduction ... Read the full article
21st September 2018
Generali has announced the launch of Aperture Investors, a new asset management company that relies on a disruptive revenue model, to be led by Peter Kraus, former Chairman and Chief Executive Officer (CEO) of AllianceBernstein and Global Co-Head of Goldman Sachs’ Investment Management Division. The Italian insurance giant will contribute up ... Read the full article
1st August 2018
The Board of Directors of Italian insurer Assicurazioni Generali, has approved a proposal from the Group's Chief Executive Officer (CEO), Philippe Donnet, for the new Group organisational structure, which includes the creation of a new General Manager position. The organisational ... Read the full article
19th July 2018
Italian insurance giant Generali has entered into an agreement to sell its entire shareholding in Generali Worldwide Insurance Company Limited and Generali Link, to Life Company Consolidation Group (LCCG). The transactions are part of Generali Group's strategy to improve its operational efficiency, alongside improved capital allocation and to optimise its geographical ... Read the full article
26th June 2018
Italian insurer Generali Group has announced an agreement with Indian conglomerate Future Group to further invest in the region’s insurance market, increasing its stake in insurance joint ventures Future Generali India Life Insurance Company and Future Generali India Insurance Company to 49%, from 25% at present. Commenting on the deal, which is expected ... Read the full article
